Market Forecast by Countries (United States, Canada), By Storage Architecture (File and Object-based Storage (FOBS), Block Storage), By Storage Medium (SSD, HDD, Tape), By Storage System (Direct Attached Storage (DAS), Network Attached Storage (NAS), Storage Area Network (SAN)), By End User (Enterprise, Government, Cloud Service Providers, Telecom) And Competitive Landscape
Product Code: ETC405232 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Next Generation Data Storage market |
Forecast period | 2025-2031 |
CAGR | 6.7% |
Growing Sector | Data Storage Technologies |
The North America Next Generation Data Storage market report exhaustively covers the market by countries, storage architecture, storage medium, storage system, and end user. The market report provides an impartial and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North American Next Generation Data Storage Market is expanding rapidly, driven by the growing demand for data storage and management across a wide range of industries. Evolving technology, increased data generation, and business use of data storage solutions are all significant contributions to this expansion. The numerous storage mediums available, including as SSD, HDD, and tape, have a wide range of applications, which helps to drive market growth. Strategic connections with worldwide data storage providers, as well as storage system developments, help to create a diverse range of data storage solutions. The emphasis on data security, efficiency, and user convenience demonstrates the North American market's dedication to providing top-tier data storage solutions.
According to 6Wresearch, the North America Next Generation Data Storage Market size is expected to grow at a significant CAGR of 6.7% during the forecast period 2025-2031. Numerous critical elements are propelling the next generation data storage market in North America. First and foremost, the growing requirement for efficient data management in organisations is a significant element. The sustainability and dependability of various storage systems are attracting an increasing number of clients.
Second, people are becoming more aware of the advantages of different storage systems, such as their speed, durability, and capacity. The need for next-generation data storage systems is also increasing as the tech industry places a greater emphasis on data security and management efficiency. Furthermore, the market reach of next-generation data storage systems is expanding because to its versatility in a variety of applications, including cloud storage and block storage. Overall, the North American next generation data storage market is expanding due to the convergence of technology trends, consumer preferences, system benefits, and industry practices.
While there are numerous potentials for growth, the North American Next Generation Data Storage Market confronts obstacles that may impede its advancement. These include data security concerns, adherence to strict data protection requirements, and complicated system management. Rapid technological advancements and the need for continual innovation bring additional hurdles. Disruptions in the worldwide data storage supply chain could have a further influence on market growth. To continue growth in the competitive next generation data storage industry, these issues necessitate strategic collaborations, R&D investments, strong system management, and an adaptive approach to market complications.Â
IBM, Microsoft, Amazon, and Google are among the market leaders in North America's Next Generation Data Storage Industry. These organisations are well-known for their experience in supplying high-quality data storage systems for a variety of industries.
Government laws are critical for ensuring data security procedures, system reliability, and quality standards in the North American next-generation data storage business. The governments of the United States and Canada place laws on many aspects of the data storage industry in order to protect customers and promote ethical business practices. These regulations may address a variety of themes, including data protection in data storage processes, system quality standards to maintain high product standards, and data management guidelines to provide transparency in product information. Government regulations requiring sustainable methods in data storage and processing may also address environmental problems. Companies operating in the North American next-generation data storage sector must comply to these requirements to maintain credibility and satisfy customers.
In the following years, the North American next generation data storage market is predicted to grow and improve significantly. The market is expected to expand positively due to rising data volumes and an increasing need for effective and secure data storage solutions. Market expansion is predicted to be driven by factors such as the growing demand for low-cost data storage, the improved features of next-generation data storage systems, and the industry's emphasis on data security and efficiency. As a result, during the forecast period, the North American next-generation data storage market is expected to expand, innovate, and increase in value. Companies in this area can capitalise on these transitions by aligning their strategies with changing consumer needs and industry trends.
According to Dhaval, Research Manager, 6Wresearch, The United States is expected to see the most significant rise in the market sector among the countries, followed by Canada. This increase is linked to causes such as rising data volumes and a demand for better data storage solutions.
File and Object-Based Storage is the storage architecture sector that is expected to increase the most in the next years. File and Object-Based Storage is expected to grow in popularity due to its ease of use and data management effectiveness.
SSD is the storage medium sector of the market that is likely to increase significantly in the near future. SSD storage medium demand is expected to expand due to its dependability and performance advantages.
Network Attached Storage is a storage system market category that is expected to increase significantly in the next years. With rising data volumes and an increasing need for efficient data management, there is a growing need for Network Attached Storage systems.Â
The market segmentation by End User expected to witness considerable growth in the future is Enterprise. With the growth in enterprise data and the need for effective data management, the demand for next generation data storage solutions is increasing in the enterprise sector.
The report provides an in-depth study of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Next Generation Data Storage Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Next Generation Data Storage Market Revenues & Volume, 2021 & 2031F |
3.3 North America Next Generation Data Storage Market - Industry Life Cycle |
3.4 North America Next Generation Data Storage Market - Porter's Five Forces |
3.5 North America Next Generation Data Storage Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Next Generation Data Storage Market Revenues & Volume Share, By Storage Architecture, 2021 & 2031F |
3.7 North America Next Generation Data Storage Market Revenues & Volume Share, By Storage Medium, 2021 & 2031F |
3.8 North America Next Generation Data Storage Market Revenues & Volume Share, By Storage System, 2021 & 2031F |
3.9 North America Next Generation Data Storage Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 North America Next Generation Data Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Next Generation Data Storage Market Trends |
6 North America Next Generation Data Storage Market, 2021-2031 |
6.1 North America Next Generation Data Storage Market, Revenues & Volume, By Storage Architecture, 2021-2031 |
6.2 North America Next Generation Data Storage Market, Revenues & Volume, By Storage Medium, 2021-2031 |
6.3 North America Next Generation Data Storage Market, Revenues & Volume, By Storage System, 2021-2031 |
6.4 North America Next Generation Data Storage Market, Revenues & Volume, By End User, 2021-2031 |
7 United States Next Generation Data Storage Market, 2021-2031 |
7.1 United States Next Generation Data Storage Market, Revenues & Volume, By Storage Architecture, 2021-2031 |
7.2 United States Next Generation Data Storage Market, Revenues & Volume, By Storage Medium, 2021-2031 |
7.3 United States Next Generation Data Storage Market, Revenues & Volume, By Storage System, 2021-2031 |
7.4 United States Next Generation Data Storage Market, Revenues & Volume, By End User, 2021-2031 |
8 Canada Next Generation Data Storage Market, 2021-2031 |
8.1 Canada Next Generation Data Storage Market, Revenues & Volume, By Storage Architecture, 2021-2031 |
8.2 Canada Next Generation Data Storage Market, Revenues & Volume, By Storage Medium, 2021-2031 |
8.3 Canada Next Generation Data Storage Market, Revenues & Volume, By Storage System, 2021-2031 |
8.4 Canada Next Generation Data Storage Market, Revenues & Volume, By End User, 2021-2031 |
9 North America Next Generation Data Storage Market Key Performance Indicators |
10 North America Next Generation Data Storage Market - Opportunity Assessment |
10.1 North America Next Generation Data Storage Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Next Generation Data Storage Market Opportunity Assessment, By Storage Architecture, 2021 & 2031F |
10.3 North America Next Generation Data Storage Market Opportunity Assessment, By Storage Medium, 2021 & 2031F |
10.4 North America Next Generation Data Storage Market Opportunity Assessment, By Storage System, 2021 & 2031F |
10.5 North America Next Generation Data Storage Market Opportunity Assessment, By End User, 2021 & 2031F |
11 North America Next Generation Data Storage Market - Competitive Landscape |
11.1 North America Next Generation Data Storage Market Revenue Share, By Companies, 2024 |
11.2 North America Next Generation Data Storage Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |